Is it ever a good idea to list your home high just to "see what happens"? This week on Under One Roof MTL, we're looking at why an ambitious asking price can backfire, how buyers react to stale listings and price drops, and why getting the price right from day one matters.
Plus, tariffs, inflation and economic uncertainty are creating some big questions for Canadian homeowners. We look at what the current trade war could mean for mortgage rates and Montreal real estate, and Fred and Martin explain how refinancing your mortgage can be used to consolidate high-interest debt.
In This Episode
What's Happening in the Market: Tariffs, Mortgage Rates & Montreal Real Estate
The trade war is no longer just about tariffs. We look at how higher costs and economic uncertainty could make their way into your mortgage and the housing market.
- Why homeowners with a mortgage should care about tariffs
- How tariffs can contribute to inflation while simultaneously slowing the economy
- Why economic uncertainty doesn't automatically mean mortgage rates will fall
- The difference between what drives variable and fixed mortgage rates
- What the latest Montreal housing numbers are telling us about buyers, sellers and inventory
- Why growing economic and employment uncertainty can cause buyers to put their plans on hold
Real Estate: Pricing Your Home Right From Day One
LJ Aguinaga breaks down why "testing the market" with an overly ambitious asking price can end up hurting sellers.
- How a realtor determines what a home is actually worth in the current market
- Why listing high and planning to reduce the price later can backfire
- Why the first week or two on the market is so important
- How buyers react to stale listings and multiple price reductions
- Whether competitive pricing can generate more interest and potentially multiple offers
- What happens when a seller believes their home is worth more than the comparable sales suggest
- When and how to correct the price if you got it wrong the first time
Mortgages: Refinancing to Consolidate High-Interest Debt
Could the equity in your home help you get expensive debt under control? Fred and Martin explain how mortgage refinancing for debt consolidation works and who it may make sense for.
- Why homeowners might consider refinancing to consolidate debt
- How debt consolidation through a mortgage refinance actually works
- Why a lower monthly payment doesn't automatically mean refinancing is the right decision
- The advantages of working with a mortgage broker instead of simply calling your bank
- Who makes a good candidate for refinancing
Property of the Week
This week's featured property takes us to the 19th floor of 1500 René-Lévesque Ouest in downtown Montreal. Unit 1911 features floor-to-ceiling windows with sweeping city views, a luxury kitchen, two bedrooms, two bathrooms and a heated indoor garage.
Residents also have access to a rooftop terrace, heated pool, spa and gym, with the metro and downtown Montreal just steps away.
Listed at $825,000.
Trivia Question of the Week
Question: What is the difference between a mortgage term and an amortization period?
Answer: The term is the length of your current mortgage contract, while the amortization is the total amount of time planned to pay off the mortgage.
Get in Touch
LJ Aguinaga – Real Estate
514-500-4040
ljrealties.com
@ljaguinaga | @ljrealties
Plex Dr Property Management
plexdr.com
Fred & Martin – Mortgage Experts
FredAndMartin.com
Under One Roof MTL
underoneroofmtl@gmail.com
